CASHLESS POLICY AND DAILY TRANSACTIONS OF BUSINESS EDUCATION POSTGRADUATE STUDENTS IN RIVERS STATE UNIVERSITIES

Abstract

The study examined the relationship between cashless policy and daily transactions of Business Education postgraduate students in Rivers State universities. The study was guided by four specific objectives, four research questions and three corresponding hypotheses. Correlational and descriptive research designs were adopted for the study. The population consisted of one hundred and fourteen (114) Business Education postgraduate students in Rivers State universities, Port Harcourt, Nigeria. There was no sampling, as the entire population was used for the study. Two (2) sets of instruments titled “Questionnaire on Cashless policy (QCP) and the Daily Transaction Scale (DTS); were used for data collection. The Instruments were validated by three experts, two in Business Education and one in Measurement and Evaluation, all in the Faculty of Education, Rivers State University. The reliability index of 0.81 and 0.78 respectively were obtained using test-retest method. Pearson Product Moment Correlation was used to answer the research question 1-3 and mean and standard deviation for research question four, and t-test statistics was used to test the corresponding hypotheses at 0.05 level of significance, if the null hypotheses were significant or not. It was revealed that there was a significant relationship between the use of debit card and daily transactions of Business Education postgraduate students and there was a significant relationship between the use of Point-of-Sale (POS) and daily transaction of Business Education postgraduate students. Based on the findings, it was recommended amongst others that educational institutions in south-south region should implement comprehensive financial literacy programs tailored toward addressing the evolving landscape of cashless policy payment methods, including traditional debit card usage and emerging digital platforms such as mobile banking apps.